Pennies from Heaven
Budgetary constraints will drive more firms to move capital expenses to operational ones as they adopt more software-as-a-service (SaaS) and infrastructure-as-a-service (IaaS) offerings.
Broker-dealers have been making these investments over the past few years; however, these investments will continue to accelerate as a greater portion of the IT budget will focus on non-revenue producing projects, such as regulatory compliance as well as improving clearing and settlement. The big question will be
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